Where is USDJPY heading to????As the price is now above a major trend line resistance we might see some further push higher in USDJPY, a short term short is my view as DXY is in a high point and a short time drop might be happening soon helping this pair to drop looking for the previous trend line as support to keep pushing higher.
If you like my idea, comment, give me a thumbs up and support my work.
Wish you all a great weekend!!!!
TA
AMD Pushing For All-Time HighGood morning traders,
AMD recently updated the public with some pretty big news in regards to the Google Cloud platform.
Pattern Recognition:
- Bilateral Ascending Triangle
DotomJack
As always, please do your own research prior to investing. I'm not providing financial advice nor am I a financial adviser.
HBAR - Rising Channel (Wedge) BounceHBAR is displaying another rising channel, the first one turned out to be more of a bull flag and reached it's target exactly at $0.048.
We now have another rising channel, but this time more of a Wedge shape, which indicates there maybe a bounce from to the top of the wedge as shown.
Trade with caution, this chart does not show what will happen after the wedge is complete, only the possibility of a bounce.
Perspective using Pivot Points (monthly analysis for feburary)~ First of all important to note, today starts a countdown: 100 days until block reward halving.
This is a very serious bullish fundamental event for bitcoin, miners will have their rewards halved directly lowering sell pressure.
I'm very curious to see how this event will affect the market this time around.
There's more liquidity, ways to participate and speculators than ever before.
CME, BAKKT, CBOE, various ways to trade options etc. and billions of dollars flowing through margin trading platforms.
This doesn't mean BTCUSD can't plunge and punish margin longs, I just don't think such a move will be sustained at this point.
I think bitcoin will start consolidating and building a base for a new bull trend this year going into next year.
~ Last month I talked about moving up to the daily 200SMA if we closed above the 377EMA.
This target has been reached and overshot.
After that price rushed up to the monthly R3 followed by a retest of the 21EMA and eventually breaking the R3 and resting above it until the end of the session.
Now we have our new monthly pivot points.
~ How I see this month playing out:
If we close above the new month's M3 (~9400) , likely see a move at least to R1 (~10300) and likely higher if we build a higher timeframe uptrend (higher high if close above 10300)
If we close below last month R3 (~9300), likely see a move to the new month's pivot (~8500) and lower if that's violated.
I also see potential bearish divergence developing on the Stochastics.
Bear in mind this is not confirmed until we confirm a lower high.
~ If you would like to see more, monthly, possibly weekly analysis please show your interest by following me/liking this post.
> Not financial advice, I'm not a financial advisor. <
Fit simple TAFIt has been in a clear bull flag since Nov. 2019. With a close over the 50 day and above the bull flag we may see a breakout. Due to current market conditions this could be delayed/halted, but in the long term FIT will run up early-mid Feb. .
January Update on BTCHey guys,
as always, thank you for taking your time.
This is a short update of about 10 minutes, which I do every one or two weeks.
Thanks for all the messages and the feeddback, our little community is growing (about 100 on TW and few hundred all togheter).
People messaged me and asked for videos about Altcoins, gold, stocks and so on. Can I do it? Sure!
Just write it down in the comment section and like what you wanna see next, so I do know what to work on.
In this video we are discussing Resistances and Supports and what they mean when the price is moving up or down.
The 9000 call hit just perfectly, thank you for checking it out, too!
This is it for today, see you in the next one,
your quality trader
GBPAUD Long IdeaHere is an idea: GBPAUD Long. Why you may ask, here are a few reasons:
- UK General Elections on December 12th (current predictions are Tories winning the elections, and market wants Tories to win)
- December 15th Tariffs (Trump still hasn't taken a decision on what to do with December 15th tariffs, most likely I believe he will keep them as tensions has started to rise a little bit between the 2 countries)
- China (CNY) Exports numbers weren't very good, and by direct correlation AUD gets also impacted negatively as AUD and CNY are partners.
Let me know what you guys think, any comments, fell free to let me know.
XLM/BTC | Key Channel AnalysisWaking up to a smile is nice, the market looks nice and may have everyone yelling HODLLLL. I don't get excited when I see all this "hype" produced by these noobs, analysis and trade. If a coin is going to moon then wait for it to break channel resistance if it's such a sure thing, that goes with any stock/etc...
This analysis is just to show you key levels of support and resistance. If we can hold this channel, you see your buy and sell zones :)
DotcomJack
As always, I am not a financial adviser nor am I providing financial advice.
Matic MATICBTC Fibonacci cluster + Price Action targets.Fibonacci study charts modified version with price action targets.
MATIC/USD UPDATE | Simple Pattern MovementGood morning traders,
I have many people wondering what the next move with Matic is...
Matic is sitting in a Bearish Pennant, as I mentioned before we would see one more retest of channel resistance. A target at 1589 Sats is still valid, with a re-entry after breakout. I will update this farther with the BTC/Matic Pair, but at times like this you should be prepared for quick movement and should have your orders set prior.
Matic is still a go
Dotcom Jack
Always do your own research prior to investing!
$TA Breaks Out On New CEO Appointment$TA looks to have bottomed after rallying on the news of a new CEO being appointed.
TravelCenters of America (NASDAQ:TA) appointed Jonathan Pertchik to be the company's CEO and managing director to succeed Andrew Rebholz.
Pertchik has served as an executive for companies owned or controlled by private equity groups, including Starwood Capital Group, TPG, Carl Icahn, Richard LeFrak and Perry Capital.
Rebholz is staying to advise TravelCenters of America until June 30.
TravelCenters of America Inc. operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as parking, truck repair and maintenance services, full service restaurants, quick service restaurants, and various customer amenities. As of December 31, 2018, it operated 258 travel centers and under the TravelCenters of America, TA, TA Express, Petro Stopping Centers, and Petro brand names; and 43 standalone restaurants under the Quaker Steak & Lube brand name. The company serves trucking fleets and their drivers, independent truck drivers, highway and local motorists, and casual diners. TravelCenters of America Inc. was founded in 1992 and is based in Westlake, Ohio.
As always, use protective stops and trade with caution.
Good luck to all!
Broke out of the short term downtrendLast night we broke out of the short term downtrend line and now still going up with support of the short term up trend line from decemeber 4 as talked about yesterday, will link yesterdays below. Now it gets me wondering if yesterday played any significant or we still gonna go lower.
Bearish look we are still in a long term downtrend channel, yet bullish we are above the downtrend line from 14k. As of now new trading zone is 7201-7240 roughly. My goal is us to find support at 7201 which as of now we hit it 5 times with the red candle hitting 7240 than getting bounced off of 7201 as seen above.
I'm still gonna long it and to determine if we are out of this mini bear market is a retest of 7562, the head of the double top that took us too 7079 before finding support at 7121 which we tested that 4 times. Than if we could break out of the downtrend channel which is getting smaller every hour, but as of writing this it sits around 7562 roughly and gets smaller every hour as we scaling up the short term uptrend line.
Major resistance might be found at the hourly emas, yet there isn't much vpvr trading atm in where they sit at until the supports/resistance as I talked about above.
Again good luck and hopefully 6500 was the bottom of our mini bear market adn 7079 being the final flush out.